GM War Chest Just Fine, Stephens Says

WASHINGTON – General Motors Co. has “tens of billions of dollars” in liquidity, giving it the ability to pay off taxpayer loans early while continuing to make critical investments towards meeting new U.S. fuel-economy standards, Vice Chairman Tom Stephens says.
“We’re in pretty good shape,” Stephens tells Ward’s after announcing at the Washington Auto Show the auto maker’s plans to build electric motors. “Just a few months ago, we didn’t have a lot” of liquidity.
Stephens remarks come a ...

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